UMB Bank (UMBF) Tops Q4 EPS by 96c

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UMB Financial Corporation Reports Fourth Quarter Net Income of $156.3 Million and Record Full-Year Earnings of $286.5 Million

January 26, 2021 5:00 PM EST

Fourth Quarter 2020 Financial Highlights (all comparisons to prior year)

GAAP net income of $156.3 million, or $3.24 per diluted share; net operating income of $157.4 million, or $3.26 per diluted share. Pre-tax, pre-provision (PTPP) income of $196.1 million, an increase of $116.8 million. Quarterly average loan balances increased $2.8 billion, or 21.2%. Quarterly average deposits grew 22.5% to $25.0 billion. Noninterest income increased 106.9% and comprised 54.0% of revenue. Credit quality remained strong, with net charge-offs of just 0.04% of average loans, consistent with the companys historical performance.

KANSAS CITY, Mo.--(BUSINESS WIRE)-- UMB... More